AMT vs DLR: Which Is the Better Dividend Stock?
As of Sep 29, 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. AMT offers the higher yield at 4.24%, DLR has the higher dividend-safety score, and AMT looks like the better value (its fair-value estimate is 2% above its share price).
Key facts: AMT vs DLR
Data as of · Source: SmarterDividends data
- As of Sep 29, 2026, American Tower Corporation (AMT) has the higher forward dividend yield at 4.24%, versus 2.73% for Digital Realty Trust, Inc. (DLR).
- As of Sep 29, 2026, SmarterDividends grades AMT's dividend safety B (72/100) and DLR's A (85/100).
- By SmarterDividends' count as of Sep 29, 2026, AMT has raised its dividend for 13 consecutive years and DLR for 0.
- As of Sep 29, 2026, AMT pays out 96% of its earnings as dividends and DLR pays out 238%.
- As of Sep 29, 2026, AMT's fair-value estimate is 2% above its share price and DLR's fair-value estimate is 40% below its share price, so AMT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs DLR: Dividend Yield, Safety & Value Compared," updated Sep 29, 2026, https://smarterdividends.com/compare/amt-vs-dlr
| Metric | AMT | DLR |
|---|---|---|
| Forward yield | 4.24% | 2.73% |
| Annual dividend | $7.16 | $4.88 |
| Payout ratio | 96% | 238% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | 1.7% |
| 5-yr total return | -40% | 13% |
| Dividend safety score | 72 (B) | 85 (A) |
| Fair value estimate | $170.95 | $106.36 |
| Upside to fair value | +2% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $78.3B | $66.9B |
| P/E ratio | 23.3 | 86.9 |
Higher yield
AMT
4.24%
Safer dividend
DLR
Grade A
Faster growth
AMT
8.5%
Better value
AMT
+2% upside
AMT vs DLR — FAQ
Is AMT or DLR a better dividend stock?
On the data, AMT wins more head-to-head categories (6 vs 2). AMT offers the higher yield (4.24%), while DLR has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AMT or DLR?
AMT has the higher forward dividend yield at 4.24%, versus 2.73% for DLR.
Is AMT or DLR safer?
DLR has the higher dividend-safety score (85/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or DLR better value right now?
As of Sep 29, 2026, AMT looks like the better value: its fair-value estimate is 2% above its share price (fairly valued). For DLR, its fair-value estimate is 40% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.